U.S. Payment Infrastructure Executives Sell Company Shares for RSU Tax Withholding

On February 7 (local time), Form 4 filings revealed that the CEO and key executives of U.S. fintech firm Fiserv Inc. (Ticker: FISV) disposed of a portion of their company shares as tax withholding arising from Restricted Stock Unit (RSU) vesting.

CEO Michael P. Ryans processed approximately $202,500—roughly ₩270 million worth of shares—for tax withholding. The EVP of Financial Solutions and the Chief Legal & Administrative Officer also settled tens of thousands of dollars of equity in the same manner.

All of these transactions are administrative withholdings tied to RSU vesting rather than open-market sales. According to the filing, CEO Ryans still directly holds 34,603 shares, and the Chief Legal & Administrative Officer continues to own about $3.6 million—around ₩5 billion—worth of Fiserv stock.

In November 2025, the company transferred its listing from the New York Stock Exchange to the Nasdaq Global Select Market, changing its ticker from FI to FISV. Late that same year, Fiserv disclosed an executive reorganization, including the appointment of co-presidents and a new CFO. (Source: barchart.com)

Founded in 1984 and headquartered in Milwaukee, Wisconsin, Fiserv is a global payments and financial IT provider. The S&P 500 constituent delivers card and account transaction processing, digital banking solutions, and core banking systems to financial institutions worldwide. (Source: en.wikipedia.org)

Under CEO Michael Ryans’s leadership, Fiserv has bolstered its payments and commerce platform business, including its small-merchant terminal brand Clover. In 2025, the company further expanded its portfolio by acquiring Canadian fintech Payfare and the liquidity and deposit platform StoneCastle. (Source: en.wikipedia.org)